A French-chateau-style mansion in Palm Beach, Florida, with 17 bathrooms, nine bedrooms, and a five-car garage, has finally sold after two years on the market - and a 43per cent discount.

The 27,000-square-foot home first went on the market for $74 million in 2011, and sold for $42 million to a 'very nice couple,' according to the Wall Street Journal.

Built in an area known as
Billionaire’s Row, the estate also boasts a 12,000-square-foot motor court, a pool with fountains, a guest house, and 7,000 square feet of loggias - an architectural feature on the houses' facade where it is supported by columns.

Mega mansion: This entirely walled and gated mansion on a 2.5 acre plot in Palm Beach, Florida has finally sold after two years on the market - and a 43per cent discount

Bargain buy: The 27,000-square-foot home first went on the market for $74 million in 2011, and sold for $42 million to a 'very nice couple'

The exclusive waterfront estatealso includes on site parking for more than 50 vehicles, a library with European parquet flooring, specific art walls to accommodate 'a major collection,' and a chef-designed state-of-the-art kitchen.

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Meanwhile the 4,000-square-foot Master suite includes a fireplace and sitting room, as well as separate his and hers baths with dressing rooms.

The hurricane impact resistant house was originally built on 'spec,' without a specific buyer, for sale on the open market by Dan Swanson, of Addison Development.

Private paradise: Set back 300 yards from the public roadway, the house boats 17 bathrooms, nine bedrooms, and a five-car garage

Water views: Built in an area known as Billionaire¿s Row, the estate also has a 12,000-square-foot motor court, a pool with fountains, a guest house and more unobstructed water views

Living in luxury: The house's direct waterfront resort-style pool is surrounded by plush grass and palm trees

Risky business: The hurricane impact resistant house was originally built on 'spec,' without a specific buyer by Dan Swanson, of Addison Development

Located just south of the Southern Boulevard traffic circle, the 2.5-acre lakefront lot was said to be worth $67million at 'market value' and $74million at 'replacement value'.

However TD Bank, the developer’s chief
lender, conducted its own appraisal that placed the mansion's values at
$48 million and $67
million, respectively.

The house had been criticized for its location near flight paths of
planes using the Palm Beach International Airport, which appeared to drive its value down.

High hopes: Located just south of the Southern Boulevard traffic circle, the 2.5-acre lakefront lot was said to be worth $67million at 'market value' and $74million at 'replacement value'

What about the noise? Despite the lengthy views up the Intracoastal, the house was criticized for its location near flight paths of planes using the Palm Beach International Airport

Top notch: The large-scale entertaining space is surrounded by and 7,000 square feet of loggias - the architectural feature on the houses' façade where it is supported by columns

Home sweet home: Great weather indoors: On top of large entertaining areas, there is also a 4,000-square-foot Master suite which includes a fireplace and sitting room, as well as separate baths with dressing rooms

But Mr Swanson argued that proximity to the airport is
one of the South End neighborhood’s selling points.

According to the buyer’s agent, Stephen Ploof of Linda A.
Gary Real Estate in Palm Beach, the couple were drawn to the size of the property.

Because of confidentially agreements, Mr Ploof declined to comment further.

Entertainment value: As well as a formal sit down bar for any size gathering (pictured), the mansion also features a library with European parquet flooring

Dream kitchen: The chef-designed state-of-the-art kitchen also has space for catering services, and separate formal and service entries

Museum worthy: The house has specific art walls to accommodate 'a major collection'

Despite the large markdown, the mansion's sale is still one of the largest in Palm Beach.

In
July 2008, Donald Trump sold his mansion to Russian businessman Dmitry
Rybolovlev for $95 million; and Howard Stern bought a Palm Beach mansion
last month for $52 million.